What to watch. Aussie poll verdict could hit Adani, GVK party

An election victory for the Labor Party in Australia’s coal-rich Queensland could cloud the plans of Adani Enterprises and GVK Ventures to build huge mines. The Labor Party has ruled out asset sales or using taxpayer money for a coal rail line or water pipe line. Adani’s Carmichael coal mine, rail and port project is one of two in the Galilee Basin due to produce 60 mt a year. The Alpha project, co-owned by the GVK conglomerate, aims to produce 62 mt a year